Global Finance News
03 Nov 2025, 14:58
Vertiv Holdings Co to acquire PurgeRite for about $1.0B cash, plus up to $250M earn-out, to expand liquid-cooling services
Vertiv Holdings Co (VRT) agreed to buy PurgeRite for approximately $1.0 billion in cash at closing, with up to $250 million additional cash tied to 2026 performance. The deal implies roughly 10.0x expected 2026 EBITDA including anticipated cost synergies and is expected to be margin-accretive to Vertiv’s Services segment. PurgeRite’s mechanical flushing, purging and filtration capabilities for liquid-cooling loops in AI/HPC data centers will be combined with Vertiv’s existing thermal portfolio to deliver end-to-end fluid management from facility to rack. Closing is targeted for Q4 2025, subject to customary approvals, including HSR review; Stifel advised Vertiv and Harris Williams advised PurgeRite.
Vertiv Holdings Co (VRT) agreed to buy PurgeRite for approximately $1.0 billion in cash at closing, with up to $250 million additional cash tied to 2026 performance. The deal implies roughly 10.0x expected 2026 EBITDA including anticipated cost synergies and is expected to be margin-accretive to Vertiv’s Services segment. PurgeRite’s mechanical flushing, purging and filtration capabilities for liquid-cooling loops in AI/HPC data centers will be combined with Vertiv’s existing thermal portfolio to deliver end-to-end fluid management from facility to rack. Closing is targeted for Q4 2025, subject to customary approvals, including HSR review; Stifel advised Vertiv and Harris Williams advised PurgeRite.
